3. If a retailer bought n numbers of goods at P price each, he sold each good at a rater marked up on the selling price. Describe how to find the selling price and the gross margin for each good. How is the gross margin used in sales? 1S 4. After learning the concept of mark up, how would you assess your market value in terms of abilities? What can you do to increase your market value?

Q: Think of the last time you had to make a thoughtful purchasing decision. This could be any type of…

A: Substantial utility is the idea that a product's value is determined by its usefulness and…

Q: In step 3, how did you get the advertising expenses? Where did you get them from the problem?

A: Advertisement expense is the amount which is incurred by the company on promotion or marketing a…

Q: Required: For each business analytics task, identify the correct step in the SOAR analytics model.…

A: The SOAR analysis framework is a strategic planning tool that emphasizes an organization's…

Q: Explain some of the differences that make merchandising businesses and service businesses different…

A: Answer:-  Merchandising meaning:- The marketing and sale of goods in known as merchandise. It is a…

Q: assume that you are planning to purchase a new laptop for school, work, and home use. go to the…

A: Select two computer manufacturers.Choose a laptop from each manufacturer.Retrieve and compare their…

Q: I need the cost of good sold in this exercis

A: Cost of Good sold is the amount of carrying value of good which of sold during a given period of…

Q: How would you explain Valuation Principles and Law of One Price in simple language to someone…

A: Valuation principles and the law of one price are fundamental concepts in economics and finance that…

Q: Directions: For each situation, select one option you think will help increase profit. Put the…

A: There are various means to attract the customer. Also the company takes various steps to decrease…

Q: In what situation should you BUY?

A:

Q: 1.  Discuss factors that a company might look at when determining prices for its products.

A: The factors determining the price of the company's product is given below, Cost of production- The…

Q: How do I get the sales formula?

A: Sales is the total revenue earned by the business from the inventory sold during the period.

Q: a top mechanic of a primarymarket and a top mechanic of asecondary market. How wouldyou explain the…

A: The primary and secondary markets are two key components of the financial market ecosystem.…

Q: A large retailer such as LuLu Hypermarket, deciding whether to open another store?This is best…

A: Finance means planning the sources from where the funds should be acquired and deciding the areas…

Q: Profit and Loss Statement Problems Open excel and set up Skeletal P&L statements in both dollars and…

A: 1. Income Statement - Income Statement is income earned and expense incurred by the organization.…

Q: 3. What is the most a call/put buyer can make/lose and the most a call/put writer can make/lose?

A: Call/put buyer make/loss We consider an example to understand it Let we have 1 month call/put option…

Q: Which of the following is NOT a benefit of providing credit to customers?

A: Providing credit to customers means allowing certain time period to customer for making payment…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.